🔍 What it is:
SafeGold-Scalper EA V1.0 is an Expert Advisor designed specifically for trading XAUUSD (Gold) on MetaTrader. It supports common gold symbol suffixes and focuses solely on gold trading.
⚙️ Trading Approach:
The EA uses a structured scalping + intraday trend method. It analyzes multiple timeframes, detects candlestick patterns, and enters only when momentum aligns. It also includes a “second-chance” entry logic for improved positioning during volatile moves.
🛡️ Risk Management:
It avoids martingale, grid, and other high-risk systems. The EA uses fixed Stop Loss and Take Profit, aiming for around a 1:1.6 risk-to-reward structure and can close trades early when market conditions shift.
🏷️ Broker & Setup Recommendations:
The developer recommends low-spread brokers (Tickmill, IC Markets, FP Markets). Exness is marked as not recommended. A VPS is suggested for uninterrupted operation. The author lists $700 as the recommended starting balance.
📈 Performance Information:
Backtests and demo results are shown on the vendor listing. No independently verified or audited live records are provided, so users should review data or request proof before relying on performance claims.
🧩 Key Features:
• Scalping and trend-fusion strategy
• Multi-timeframe candlestick detection
• Impulse-based entries
• Optional second-chance entries
• Pre-optimized settings for quick setup
• Loss-cut function before full SL is reached
💬 Developer & Support:
Created by developer Abhimanyu Hans, available on MQL5 with direct support options through the platform and Telegram.
💲 Version, Release & Pricing:
• Version: 1.0
• Release date: August 17, 2024
• Listed at: $199 (intro pricing, subject to increases)
📝 Buyer Checklist:
• Confirm your gold symbol suffix matches your broker
• Use a low-spread, fast-execution broker
• Run the EA on a VPS for stability
• Request verified live results if you need proof beyond backtests
